FxWirePro: USD/JPY hits 8-month high at 107.15, weekly Jobless Claims and Powell's speech in focus for further impetus
FxWirePro: AUD/USD holds marginal gains amid mixed Aussie data, further upside appears elusive amid US dollar strength
FxWirePro: AUD/JPY poised to break 21-EMA support, next bear target at 55-EMA at 78.12
AUD/JPY chart - Trading View
AUD/JPY was trading 0.50% lower on the day at 79.60 at around 09:30 GMT.
The pair is extending weakness for the 2nd straight session with scope for further weakness.
Stochs and RSI have rolled over from overbought levels and are biased lower.
Further, a 'Bearish Divergence' on RSI and Stochs on the daily charts keeps scope for downside.
Major trend is bullish, but break below 21-EMA could drag the pair lower. Next bear target lies at 55-EMA at 78.12.
Failure to break below 21-EMA negates bearishness. Retrace above 200H MA will reinforce upside bias.